On January 8, 2026, Evercore ISI reiterated its "Outperform" rating for Oracle Corporation. The firm maintained a $275 price target. This positive stance stems from Oracle’s substantial investments in multi-year data center leases.
These leases support a significant expansion in Oracle’s GPU cloud capacity. Evercore ISI views this expansion as a key driver for future revenue growth within the competitive AI market. The investment bank projects that Oracle's data center commitments could generate nearly $76 billion in annual GPU cloud revenue.
Concurrently, Oracle expands its multicloud offerings. The company now makes its database services available on Google Cloud in more regions. This strategy integrates Oracle with other major cloud providers, aiming to attract a wider range of enterprise customers for its AI and database services.